Aircraft Evacuation Market for Escape slide will see gains over 5% by 2025

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Aircraft Evacuation Market to grow at over 5
CAGR to 2025
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Key Insights from Aircraft Evacuation Market

• Proliferating military expenditure across the
  globe will propel aircraft evacuation market
  size. In 2018, the U.S. government allocated
  around USD 700 billion for defense sector.
• Fixed wing platform leads aircraft evacuation
  market share owing to increasing demand for
  commercial aircrafts to accommodate air
  passengers. Emergence of new industry players in
  aviation industry will enhance segment
  penetration over study timeframe.
• Stringent government regulations for passenger
  safety will drive the aircraft evacuation market
  size over forecast period. According to the
  European Transport Safety Council, around 90
  commercial airplane accidents categorized are
  technically survivable. Implementation of
  advanced systems to reduce fatalities in
  accidents or emergency landing will enhance
  product demand.

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Continued
OEM holds substantial revenue share with
increasing demand for air carriers across the
globe. Replacement of existing airplane fleet
owing to ageing airplane to meet government
regulations for airworthiness are positively
influencing the segment growth. Moreover,
development of low-cost carriers coupled with
increasing demand for narrow-body aircrafts such
as A320, B737, A319, and B757 will enhance the
segment dominance till 2025. Ejection seat will
witness significant growth over the forecast
timeframe with increasing investments from
defense sector to develop advanced products. In
April 2017, the U.S. Air force contracted United
Technologies Aerospace Systems and Martin Baker
for development and manufacturing of evacuation
ejection seats, providing a positive outlook for
the industry growth. Increasing airplane
deliveries will drive the market growth over
study timeframe. For instance, in 2018, Boeing
announced to deliver around 42,730 aircrafts by
2037. Growing airplane fleets will induce
significant potential in industry size.
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U.S. Aircraft Door Market, By Door, 2018 2025,
(Units)

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Major Companies in Aircraft Evacuation Market

• EAM Worldwide
• Martin-Baker Co. Ltd
• Survitec Group Limited
• Survival Equipment Services

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Industry Coverage

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Regional Insights in Aircraft Evacuation Market

• Europe aircraft evacuation market holds
  substantial share with the expansion of airlines.
  In August 2018, Wizz Air announced expansion of
  its flight network with 11 new routes. Airliners
  are developing escape slides to provide enhance
  seating. In September 2018, Lufthansa Technik
  along with EAM Worldwide developed a
  high-performance exit slide. The slide allows
  airlines to reduce space required for storing
  slides and can add seating capacity by six seats.
• Asia Pacific aircraft evacuation market share
  will witness a significant growth owing to
  increasing demand for air travel. Further, as per
  IATA, the region is witnessing an annual increase
  of around 5.5 passenger traffic. Continuous
  investments by industry players for setting up of
  manufacturing facilities are further supporting
  the regional growth till 2025.

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